Springfield Symphony Orchestra seeks to raise $1.7 million for endowment

SPRINGFIELD – The Springfield Symphony Orchestra announced Wednesday it is seeking $1.7 million in donations to meet a campaign goal to raise $3.5 million for its endowment.

Orchestra officials and conductor Kevin Rhodes talked about the drive before staff members, donors and others in the Mahogany Room at Symphony Hall. The five-year campaign, which began 1½ years ago, is officially known as “Forever Symphony!”

Mary Ellen Scott Campaign chairwoman Mary Ellen Scott, longtime member of the symphony’s board of trustees, said corporate sponsorships and revenue from ticket sales are not enough to sustain the orchestra, which was founded in 1943. But Scott also acknowledged the current recession.

“I don’t have to tell you, this has been a challenging economic climate in which to be fund raising,” she said.

David Starr, president of The Republican, and his wife, Peggy, are honorary co-chairman and honorary co-chairwoman of the endowment drive.

“An endowment means long-term, long-term stability. ... I think that’s the most important part of this campaign and operation,” David Starr said.

Rhodes said symphonies in Europe are fully funded with tax dollars. “That kind of situation, we know, doesn’t exist here in America,” he said.

Thomas Creed The symphony has 80 musicians, and its annual budget is $2 million. However, according to symphony President Thomas Creed, it generates nearly $4 million in economic impact, part of which is bringing patrons to restaurants and hotels. Orchestra members also perform in schools in Greater Springfield and educate children about music.

“I think people realize how important this is to the city,” Scott said.

Among donors to date, Scott said, have been a number of banks, including Chicopee Savings, Hampden, PeoplesBank and United. Scott said donations from the banks have ranged from $10,000 to $100,000.

Scott said the orchestra needs many donations of more than $5,000 each, but any amount is welcomed. Scott also said pledges can be made.